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Extra ยฃ174m earmarked for โspirallingโ bill for Lower Thames Crossing
More than ยฃ3bn is due to be spent on the proposed road tunnel between Kent and Essex, which is estimated to have higher costs per mile than HS2 Ministers have earmarked more than ยฃ170m extra to help build the Lower Thames Crossing road tunnel, fuelling concerns over the โspirallingโ costs of one of the UKโs largest planned infrastructure projects. The proposed ยฃ11bn route under the Thames between Kent and Essex is already estimated to cost more each mile than the HS2 high-speed rail link from London to Birmingham. It was given the funding boost as part of a plan to spend ยฃ3.1bn of public money on the project, before a hoped-for injection of ยฃ7.5bn by a private sector firm. Continue reading...